Compensation
By February 1999, the victims' families had received USD $65,000 per victim as immediate help by the Italian government, which was reimbursed by the U.S. government. In May 1999, the U.S. Congress rejected a bill that would have set up a $40 million compensation fund for the victims. In December 1999, the Italian legislature approved a monetary compensation plan for the families ($1.9 million per victim). NATO treaties obliged the U.S. government to pay 75% of this compensation, which it did.
Read more about this topic: Cavalese Cable Car Disaster (1998)
Famous quotes containing the word compensation:
“The compensation of a very early success is a conviction that life is a romantic matter. In the best sense one stays young.”
—F. Scott Fitzgerald (1896–1940)
“Many old people receive pensions for no other reason, it seems to me, but as a compensation for having lived a long time ago.”
—Henry David Thoreau (1817–1862)
“I do not want to be covetous, but I think I speak the minds of many a wife and mother when I say I would willingly work as hard as possible all day and all night, if I might be sure of a small profit, but have worked hard for twenty-five years and have never known what it was to receive a financial compensation and to have what was really my own.”
—Emma Watrous, U.S. inventor. As quoted in Feminine Ingenuity, ch. 8, by Anne L. MacDonald (1992)